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Dec 31, 2021
Sunnova Q4 2021 Earnings Report
Sunnova's financial performance saw significant improvement despite economic challenges.
Key Takeaways
Sunnova Energy International Inc. reported increased revenue and a reduced net loss for Q4 2021. The company added 87,900 customers in 2021, and total liquidity was $831 million as of December 31, 2021.
Added 87,900 customers in 2021, bringing total customer count to 195,400 as of December 31, 2021.
Exceeded full-year 2021 guidance range for Adjusted EBITDA despite public health and supply-chain challenges.
Reduced adjusted operating expense per customer by 15% in 2021.
Total liquidity of $831 million as of December 31, 2021.
Forward Guidance
Sunnova management is increasing its 2022 customer additions guidance by 2,000 customers and reaffirming its 2022 financial guidance.
Positive Outlook
- Customer additions of between 85,000 and 89,000
- Adjusted EBITDA of between $117 million and $137 million
- Customer interest payments received from solar loans of between $45 million and $55 million
- Customer principal payments received from solar loans, net of amounts recorded in revenue, of between $134 million and $154 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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